Layoffs sweep MSG Entertainment
The entertainment company, which operates Radio City Music Hall and Madison Square Garden, lays off approximately 350 employees
News By IQ | 10 August 2020
MSG Entertainment, which operates New York venues Radio City Music Hall and Madison Square Garden, has announced 350 layoffs, totalling a third of its corporate workforce.
Its sister company, MSG Sports, which owns basketball team, the New York Knicks, and ice hockey team, New York Rangers, is also cutting 50 jobs, or about 15% of its corporate staff.
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“This was a difficult decision for both companies, as we know that our success rests on the strength of our people, who consistently set the industry standard for excellence and professionalism,” a rep for MSG Entertainment and MSG Sports told New York Post.
“This was a difficult decision for both companies, as we know that our success rests on the strength of our people”
“While we believe this is a…
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